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SK hynix posts record Q3 profits, boosts shareholder returns, and drops Solidigm IPO plans.

Company Fundamentals
29 Oct 2026, 19:36 WIB
Seeking Alpha
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Bullish
SK hynix posts record Q3 profits, boosts shareholder returns, and drops Solidigm IPO plans.

SK hynix reported record earnings for Q3, highlighting its strong profitability driven by AI-related memory demand and tight supply of HBM chips. The company’s long-term supply deals enhance revenue predictability, while substantial buybacks and dividends benefit shareholders amid a supernormal profit cycle. SK hynix also ended its review of a potential Solidigm IPO, easing concerns over dual listings and minority shareholder interests. Despite market volatility, SK hynix remains attractively valued with a positive risk-reward profile, reaffirming its Buy rating.

SK hynix shares trade at USD 163.23 on Pluang as of Oct 29, 2026 23:52 WIB, down slightly by 0.93% in one day. This price sits closer to the 52-week low of USD 126.79 than the 52-week high of USD 198.63, reflecting some room for upside despite recent profit-taking. The stock sees a balanced order flow with 62% of trades as buys and a modest dividend yield of 0.07%.

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